BOSTON (Thomson Financial) - Senomyx Inc. Friday said it has extended the
period of its collaborative research, development, commercialization and license
agreement with Coca-Cola Co. for an additional two years, through August 2010.
During the extension period, the companies will continue to work on the
discovery and commercialization of new flavor ingredients in the non-alcoholic
beverages area.
In a Form 8-K filed with the Securities and Exchange Commission, Senomyx
said Coca-Cola Co. has agreed to pay Senomyx incremental research funding of up
to $4 million during the two year extension period.
Senomyx, based in San Diego, is a biotechnology company focused on the
development of savory, sweet and salt flavors or flavor enhancers.
Shares of Senomyx closed Thursday at $5.93, while shares of Coca-Cola Co.
finished the session at $60.68.
Casey Logan
cl/vj
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